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Menu
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   * Economics
     * Investing & Trading
       * Fraud Assessment Tool
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 * AI sustainability
 * Bitcoin Sustainability
   * Bitcoin Energy Consumption Index
   * Bitcoin Electronic Waste Monitor
   * Bitcoin versus Gold
   * Research
     * Bitcoin’s Growing Energy Problem
     * Renewable Energy Will Not Solve Bitcoin’s Sustainability Problem
     * Bitcoin’s energy consumption is underestimated: A market dynamics
       approach
     * Bitcoin boom: what rising prices mean for the network’s energy
       consumption
     * The true costs of digital currencies: Exploring impact beyond energy use
     * Bitcoin’s growing e-waste problem
     * Preying on the poor? Opportunities and challenges for tackling the social
       and environmental threats of cryptocurrencies for vulnerable and
       low-income communities
   * A Deep Dive in a Real-World Bitcoin Mine
   * Bitcoin Electricity Consumption: An Economic Approach
   * Bitcoin Historic Sustainability Performance
     * Bitcoin Sustainability Reports
 * Altcoin Sustainability
   * Ethereum Energy Consumption Index
   * Dogecoin Energy Consumption Index

 * Home
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 * Changelog
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POWERING AI COULD USE AS MUCH ELECTRICITY AS A SMALL COUNTRY...

It has been nine years since Digiconomist was first launched with the objective
of “exposing the unintended consequences of digital trends.” For …


THE LATEST HYPE IN NFTS IS A CLIMATE DISASTER: ON-CHAIN BITC...

It wasn’t long ago non-fungible tokens (NFTs) were making headlines for their
excessive environmental impact. Most of these NFTs were making use …


NEW RESEARCH HIGHLIGHTS SUCCESS OF ETHEREUM’S MERGE...

A new article published in the peer-reviewed journal “Patterns” has caught the
attention of various mainstream media such as the BBC and …
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POWERING AI COULD USE AS MUCH ELECTRICITY AS A SMALL COUNTRY

Digiconomist October 10, 2023 Latest, Sustainability
It has been nine years since Digiconomist was first launched with the objective
of “exposing the unintended consequences of digital trends.” For a big part of
these nine years, the sustainability of digital assets such as Bitcoin has been
a key focus of the research by Digiconomist.


THE LATEST HYPE IN NFTS IS A CLIMATE DISASTER: ON-CHAIN BITCOIN NFTS

Digiconomist February 2, 2023 Latest, Sustainability
It wasn’t long ago non-fungible tokens (NFTs) were making headlines for their
excessive environmental impact. Most of these NFTs were making use of the
Ethereum blockchain or a related platform, which meant they were also impacted
by the energy-hungry proof-of-work (PoW) mechanism that was part of Ethereum
until …


NEW RESEARCH HIGHLIGHTS SUCCESS OF ETHEREUM’S MERGE

Digiconomist December 10, 2022 Latest, Sustainability
A new article published in the peer-reviewed journal “Patterns” has caught the
attention of various mainstream media such as the BBC and Bloomberg.


LAUNCHING PUBLIC API FOR ENERGY AND CARBON FOOTPRINT DATA

Digiconomist July 23, 2022 Latest, Sustainability
Digiconomist has launched a new API for developers to retrieve energy
consumption and carbon footprint data on the Bitcoin, Ethereum and Dogecoin
networks.


BITCOIN LESS “GREEN” THAN EVER BEFORE

Digiconomist February 25, 2022 Latest, Sustainability
For many years, the Bitcoin community has argued that the network is running on
a significant share of renewable energy sources.


THE CARBON FOOTPRINT OF POLYGON

Digiconomist February 4, 2022 Latest, Sustainability
In recent weeks several organizations have started experimenting with
non-fungible tokens (NFTs) on top of the Polygon network.


DOGECOIN’S GROWING ENERGY PROBLEM

Digiconomist January 15, 2022 Latest, Sustainability
Next to the Bitcoin and Ethereum Energy Consumption Index a new Dogecoin Energy
Consumption Index has been added to Digiconomist.


HOW BITCOIN MINING DISPROPORTIONALLY IMPACTS VULNERABLE COMMUNITIES

Digiconomist November 22, 2021 Latest, Sustainability
“Should bitcoin’s mass adoption continue, an escalating climate crisis is
inevitable, disproportionately exacerbating social and environmental challenges
for communities already experiencing multiple dimensions of deprivation.“


BITCOIN’S GROWING E-WASTE PROBLEM

Digiconomist September 17, 2021 Latest, Sustainability
Almost five years after Digiconomist first started providing insights into the
energy consumption of the Bitcoin network, a new study in collaboration with
Christian Stoll from MIT now provides new insights in another major component of
Bitcoin’s wasteful design.


BITCOIN MAY CONSUME AS MUCH ENERGY AS ALL DATA CENTERS GLOBALLY

Digiconomist March 10, 2021 Latest, Sustainability
The record-breaking surge in Bitcoin price at the start of 2021 may result in
the network consuming as much energy as all data centers globally, with an
associated carbon footprint matching London’s footprint size.


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CONNECT WITH DIGICONOMIST

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Digiconomist Follow 16,405 13,859

Exposing the Unintended Consequences of Digital Trends. Mastodon:
@digiconomist@mastodon.nl Bluesky: @digiconomist.bsky.social


Retweet on Twitter Digiconomist Retweeted
; Digiconomist @DigiEconomist ·
13 Oct 1712880319584440538


Imagine being a Bitcoin miner and not understanding the difference between
powering your devices with electricity and trying to run them on pure coal

Reply on Twitter 1712880319584440538 Retweet on Twitter 1712880319584440538 1
Like on Twitter 1712880319584440538 12 Twitter 1712880319584440538
Retweet on Twitter Digiconomist Retweeted
; Digiconomist @DigiEconomist ·
14 Oct 1713088284438536313


What you get in return for increased utility bills as a result of Bitcoin’s
proof-of-useless-work; negligible jobs, an environmental disaster AND a national
security risk

Reply on Twitter 1713088284438536313 Retweet on Twitter 1713088284438536313 5
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Retweet on Twitter Digiconomist Retweeted
; Digiconomist @DigiEconomist ·
14 Oct 1713122206840987657


This effect is somewhat similar to what was previously observed in Bitcoin,
which provides an example of the most extreme outcomes (as the incentives at
work are even stronger); improving efficiency in Bitcoin mining has never led to
any improvements in resource consumption.

Reply on Twitter 1713122206840987657 Retweet on Twitter 1713122206840987657 1
Like on Twitter 1713122206840987657 8 Twitter 1713122206840987657
Retweet on Twitter Digiconomist Retweeted
; Digiconomist @DigiEconomist ·
14 Oct 1713119851386970586


Here’s a massive problem with AI. A more robust model performs better and bigger
models are always more robust. At the same time, making models bigger also
requires additional processing power. Making AI more efficient may only result
in even bigger models

Reply on Twitter 1713119851386970586 Retweet on Twitter 1713119851386970586 4
Like on Twitter 1713119851386970586 13 Twitter 1713119851386970586
; Digiconomist @DigiEconomist ·
14 Oct 1713119851386970586


Here’s a massive problem with AI. A more robust model performs better and bigger
models are always more robust. At the same time, making models bigger also
requires additional processing power. Making AI more efficient may only result
in even bigger models https://www.nature.com/articles/d41586-023-00641-w

Reply on Twitter 1713119851386970586 Retweet on Twitter 1713119851386970586 4
Like on Twitter 1713119851386970586 13 Twitter 1713119851386970586
; Digiconomist @DigiEconomist ·
14 Oct 1713088284438536313


What you get in return for increased utility bills as a result of Bitcoin’s
proof-of-useless-work; negligible jobs, an environmental disaster AND a national
security risk



Across U.S., Chinese Bitcoin Mines Draw National Security Scrutiny

Microsoft reported one site in Wyoming because of its proximity to a data center
and nuclear missile base. Records...

www.nytimes.com

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